J.P. Morgan Private Wealth Advisors LLC Has $1.62 Million Holdings in Jones Lang LaSalle Incorporated (NYSE:JLL)

J.P. Morgan Private Wealth Advisors LLC lessened its holdings in Jones Lang LaSalle Incorporated (NYSE:JLLFree Report) by 10.4% during the third quarter, HoldingsChannel.com reports. The fund owned 11,437 shares of the financial services provider’s stock after selling 1,331 shares during the period. J.P. Morgan Private Wealth Advisors LLC’s holdings in Jones Lang LaSalle were worth $1,615,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Covestor Ltd grew its position in Jones Lang LaSalle by 61.3% in the first quarter. Covestor Ltd now owns 150 shares of the financial services provider’s stock valued at $36,000 after acquiring an additional 57 shares during the last quarter. Brown Brothers Harriman & Co. bought a new position in Jones Lang LaSalle in the first quarter valued at about $46,000. Strategic Investment Solutions Inc. IL bought a new position in Jones Lang LaSalle in the first quarter valued at about $29,000. Exchange Traded Concepts LLC grew its position in Jones Lang LaSalle by 78.7% in the third quarter. Exchange Traded Concepts LLC now owns 218 shares of the financial services provider’s stock valued at $31,000 after acquiring an additional 96 shares during the last quarter. Finally, Belpointe Asset Management LLC grew its position in Jones Lang LaSalle by 126.0% in the first quarter. Belpointe Asset Management LLC now owns 278 shares of the financial services provider’s stock valued at $40,000 after acquiring an additional 155 shares during the last quarter. Institutional investors own 96.79% of the company’s stock.

Jones Lang LaSalle Price Performance

Jones Lang LaSalle stock opened at $176.99 on Monday. The stock’s 50 day moving average is $176.81 and its 200 day moving average is $160.72. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.29 and a quick ratio of 2.29. The firm has a market cap of $8.42 billion, a P/E ratio of 37.58 and a beta of 1.43. Jones Lang LaSalle Incorporated has a one year low of $119.46 and a one year high of $191.21.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on JLL. Raymond James lifted their price target on Jones Lang LaSalle from $173.00 to $199.00 and gave the company an “outperform” rating in a research note on Thursday, January 25th. StockNews.com lowered Jones Lang LaSalle from a “buy” rating to a “hold” rating in a research note on Monday, January 22nd. Finally, UBS Group cut their price target on Jones Lang LaSalle from $210.00 to $200.00 and set a “buy” rating on the stock in a research note on Wednesday, November 22nd. One research analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $186.14.

Check Out Our Latest Research Report on JLL

Jones Lang LaSalle Profile

(Free Report)

Jones Lang LaSalle Incorporated, a professional services company, provides real estate and investment management services in Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company offers a range of real estate services, including agency leasing, tenant representation, property management, advisory, and consulting services; and capital market services, such as equity and debt advisory, loan sales, equity advisory, loan servicing, merger and acquisition, corporate advisory, and investment sales and advisory services.

Further Reading

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Institutional Ownership by Quarter for Jones Lang LaSalle (NYSE:JLL)

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